NTEKD trading summary: 1st day of NTEKD (post R
Post# of 96879
Posted On: 08/10/2016 8:21:45 PM
NTEKD trading summary:
1st day of NTEKD (post R/S) - July 13th. From that date, I've pulled AlanC's daily short report - it details volume and short volume. I've totaled this through August 5th.
Total short volume = 1,458,810 shares.
On August 9th, Firebird advised that the O/S was the same as August 5th - 88,026,712 (post #64139). The O/S started ~80M (slightly less) on 7/13, so figure 8,000,000 in dilution.
Total short interest and dilution - 9,458,810
Total shares traded 7/13 to 8/5 - 10,405,951
This means that 91% of the shares traded during this time were either part of dilution from NTEK or part of short interest.
No wonder the PPS is where it is at. Very frustrated long...
Regards,
-kbulldog.
1st day of NTEKD (post R/S) - July 13th. From that date, I've pulled AlanC's daily short report - it details volume and short volume. I've totaled this through August 5th.
Total short volume = 1,458,810 shares.
On August 9th, Firebird advised that the O/S was the same as August 5th - 88,026,712 (post #64139). The O/S started ~80M (slightly less) on 7/13, so figure 8,000,000 in dilution.
Total short interest and dilution - 9,458,810
Total shares traded 7/13 to 8/5 - 10,405,951
This means that 91% of the shares traded during this time were either part of dilution from NTEK or part of short interest.
No wonder the PPS is where it is at. Very frustrated long...
Regards,
-kbulldog.
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